Commercial Property
NEA decreases rental for hawker stalls to deter high bids
NEA decreases rental for hawker stalls to deter high bids
It will take effect on the hawker stall tender exercise.
Elite UK REIT's distributable income rises 2.8% YoY. to £14m in 9M
Distribution per unit rose in tandem with distributable income.
Divestments weigh on Cromwell European REIT's 9M NPI, down 0.8% YoY
The REIT's NPI for the period was €100.0m ($143.5m).
CLI lands $261m from Mitsui O.S.K. Lines for SEA and India private funds
The SEA and India funds received $130m and $131m, respectively.
AIMS APAC REIT posts 5.1% NPI growth to $67.6m with strong rentals
The REIT's rental reversion rate in H1 was 16.9%.
CICT's 9M NPI climbs 5.4% YoY to $872.1m on rental income growth
Lower operating expenses also helped boost NPI.
Singapore leads APAC in life sciences investments
Amongst notable deals in 9M24 is the US$206m acquisition of Ho Bee Land’s Elementum.
CDL wins $1.66b Shanghai plot for mixed-use development
The tender prize translates to $21,827 per square metres per plot ratio.
Metro Group raises stake in UK’s Fairbriar Real Estate to 50%
It acquired 25% additional stake for $31m.
Commercial property market remains stable amidst strong demand
However, development activity has declined.
Office floor at Wisma Atria sells for $16.1m
The space is approved for medical use.
Hongkong Land targets $10b in asset recycling amidst strategic shift
This strategy could reduce the company’s earnings volatility over time.
COTD: Auction listings drop 25.2% QoQ in Q3
Mortgagee and owner sale listings were nearly equal.
First REIT's net property income drops 6.0% YoY in 9M 2024
The REIT attributed the decline to the yen and rupiah's depreciation against SGD.
ESR-LOGOS REIT’s NPI falls 6.5% YoY in Q3 due to divestments
It divested 11 non-core assets.
COTD: Non-landed homes drive residential mortgagee listings in Q3
All 19 listings were non-landed homes.
Tender for Plot A Tuas Bay Drive site opens
The tender will close on 24 December at 11 am.
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